The Suning Commerce Group

They haven't really marketed anything and moved with a mouth-to-mouth marketing. It cannot work that way.

Also, you cannot really achieve this with simply an acquisition, you need sporting legislation to change to allow for such forms of ownership and protect them.

Agree on both counts

Suning needs to invest 500 million to a Billion dollars, quick

Nerazzurri_Ninja said:

Suning needs to invest 500 million to a Billion dollars, quick

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They do not have a $5 dollars to buy pepper let alone 500 million.

Corrode said:

If Xi regime still insist to sanction Russia, maybe we could see takeover process comes near. Imo i don't think US-NATO-EU let China to keep silent forever.

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i love Xi's minion keep barking and condemn US-NATO so far. If US-UE-NATO keep to acting tough and ready to sanction China perhaps we could see new owner soon

I very much doubt China will get sanctioned at the level where Zhang gets picked out. There may be some macroscopic sanctions against certain sectors/etc, but I'd be shocked if anything below that happened

.h. said:

I very much doubt China will get sanctioned at the level where Zhang gets picked out. There may be some macroscopic sanctions against certain sectors/etc, but I'd be shocked if anything below that happened

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If China gets sanctioned, everything goes with it.

Every Yuan transaction.
Every Chinese government affiliate, which pretty much is every Chinese business.

The only few that will survive are the few that are listed on US exchanges, but those are depositaries rather than US entities, so they're also quite screwed.


I don't see China getting any sanctions, anyway, but if it happens, Suning is screwed.

It really depends on how the sanctions materialise. Look at the Russian situation, banks and rubles had to be targeted, they weren't just blanket covered. Same with Russian assets, Abrahamovic had to give up Chelsea because he was directly sanctioned, not because he was caught up in the broader Russian ones.

.h. said:

It really depends on how the sanctions materialise. Look at the Russian situation, banks and rubles had to be targeted, they weren't just blanket covered. Same with Russian assets, Abrahamovic had to give up Chelsea because he was directly sanctioned, not because he was caught up in the broader Russian ones.

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It's completely different because Russia is pretty much embedded in global (ie western led) economy whereas China is considered an ideological parasite.
Sanctions on China will mean no more business with China. Thus, we probably won't go there.

Pimpin said:

man you are just being dishonest right now. Yonghong Li had 14% interest rate, it basically was known the guy will fold. Lets see what rate we finance our debt at. IIRC last one was 4-5%. Also Suning is not Yonghong Li, albeit the situation seems to be a bit beyond finance in China with apparent crackdown on "shanghai" clique.

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follow up on this..

I don't want to do conspiracy theories, but CCP is keeping only shanghai on full lockdown for months.. theories are running rampant on twitter..

"Clear as needed. Jilin wants to farm, so it is cleared. Shanghai has no land to grow, and it is a financial city. Xi Jinping opened the Beijing Stock Exchange last year, and he planned to take over the capital from Shanghai, so it doesn’t matter to Xi that Shanghai people starve to death. Smart Shanghai people, don't wait for the lockdown to be lifted, no one's promises are useless, pick up kitchen knives and rolling pins, and overthrow the Communist Party of Xibaozi!
"

EAT MY ASS

get out of our club cheap fucks

Fuck off already, chinese fucks.

I was not sure where to make this post as there is a lot of overlap. But I thought this thread was the best place.

When I look back on the season, I always think about the last 15 minutes of the Milan Derby on 6 February, the loss to Sassuolo and the draw with Genoa. I feel the outcome and fate of our season was decided in those results.

I understand that the team has to give their all and do its best in every game but I feel the squad lacked the depth to compete for the Scudetto, Champions League, and Coppa Italia. The lack of investment falls on Suning and management needed to recogise and acknowledge this rather than try and fight on all three fronts. Given the lack of squad depth, a decision needed to be made in relation to the competitions the club would prioritise.

The Champions League tie against Liverpool was beyond our capabilities at an extremely delicate time of the season. It took away what little we had in reserve to fight on a front where we were destined to fail after the first leg result. Of course, there was the prestige and pride that came with playing at Anfield against one of Europe's strongest clubs but trying to compete in those games was a distraction. And looking back, winning in England did not count for much and came at a huge cost.

Suning were too cute in the Summer: selling Hakimi and Lukaku and only replacing the latter with an aging Dzeko. Early in the season, the transfer looked like a stroke of genius but it has now caught up with us. Many posters have mentioned how Lukaku did not score in big games and that he was only prolific against smaller teams but that is where this Championship has been lost: goalless draws against Atalanta and Genoa, a 1-1 draws with Torino and Fiorentina, and losses to Sassuolo and Bologna. Scoring has been a problem and Football always has a way of catching a team up and showing their weaknesses.

Right now, I feel alot of regret for this season because it is going to be the Championship that got away from us at a time when we were dominating. Management failed to recognise our limited squad depth in a crucial stretch of games (mentioned above) that also included Napoli and Juventus. A more pragmatic approach based on the limitations of our squad was needed rather than the cavalier approach that was taken.

And where does that leave us? We could potentially end the season empty handed and right now, Pioli, a coach renowned for being a complete choker is in the driving seat with a Milan squad that is not our equal. A big part of my regret is that this season may be the last time we have a chance of winning something for years to come as our broke owners weaken the squad and our rivals strengthen (Juventus) and find new owners (Milan).

I can not escape the feeling that we are stuck and that will be the case until Suning sell and we have owners that are willing and prepared to invest in the club.

And let's be honest, based on what we have heard to date, there is no indication of that happening any time soon.

Exactly the same feeling that this was the season to get that 2nd star. Next chance will probably come only after the ownership has changed and depending a lot on the new owner how long will it take for us to be a true title contender again.

We went to wrong direction last summer and if this summer continues that trend, it will probably lead to the situation where we aren't true contenders anymore.

Sadly same feelings. That is why this loss has hurt me almost worse than the 5 may loss. Unless a miracle happens and we get new owners the future is looking very grim.

Miserable cunts

Suning Plunges as Troubled Chinese Retailer Posts 2021 Losses of USD6.6 Billion

(Yicai Global) May 6 -- Shares in Suning.com plummeted by the exchange-imposed limit today, the first day of trading this week, after the struggling Chinese retailer reported an almost eight-fold widening of its losses last year from 2019 to CNY44.6 billion (USD6.6 billion).

Suning’s share price [SHE:002024] closed 4.95 percent lower at CNY3.07 (USD0.46). The stock markets were closed for a public holiday from May 2 to May 4 and the company suspended trading yesterday ahead of the release of its financial report but reopened today.

More than half of last year’s losses were due to poor investments, the Nanjing-based company said in its latest earnings report released yesterday. The firm is in danger of being delisted from the Shenzhen Stock Exchange as it has now been in the red for three straight years.

And the outlook does not look promising. In the first quarter, the company’s losses were CNY1 billion (USD149.7 million), compared with net profit of CNY456.2 million (USD68.3 million) the same period last year. Revenue plunged 64 percent to CNY19.4 billion (USD2.9 billion).

Suning had overdue debts of CNY32.9 billion (USD4.9 billion) as of the end of last year, so there are uncertainties regarding its ability to maintain sustainable operations, audit agency PricewaterhouseCoopers Zhong Tian said earlier.

Suning will continue to control costs and take action to improve cash flow, the Nanjing-based retailer said. The firm is also making great efforts to resume partnerships with its suppliers and partners and is seeking solutions to pay off its debts, such as negotiating payment in installments, to ease pressure on working capital and liquidity.

Suning's financial crisis is largely due to overaggressive expansion – the firm bought an 80 percent stake in hypermarket chain Carrefour China in September 2019 – and the fallout from the Covid-19 pandemic which greatly reduced footfall to its brick-and-mortar outlets. Last July it was part of a government-led bail out, selling a 17 percent stake for CNY8.8 billion (USD1.4 billion).

Il Drago said:

Suning Plunges as Troubled Chinese Retailer Posts 2021 Losses of USD6.6 Billion

(Yicai Global) May 6 -- Shares in Suning.com plummeted by the exchange-imposed limit today, the first day of trading this week, after the struggling Chinese retailer reported an almost eight-fold widening of its losses last year from 2019 to CNY44.6 billion (USD6.6 billion).

Suning’s share price [SHE:002024] closed 4.95 percent lower at CNY3.07 (USD0.46). The stock markets were closed for a public holiday from May 2 to May 4 and the company suspended trading yesterday ahead of the release of its financial report but reopened today.

More than half of last year’s losses were due to poor investments, the Nanjing-based company said in its latest earnings report released yesterday. The firm is in danger of being delisted from the Shenzhen Stock Exchange as it has now been in the red for three straight years.

And the outlook does not look promising. In the first quarter, the company’s losses were CNY1 billion (USD149.7 million), compared with net profit of CNY456.2 million (USD68.3 million) the same period last year. Revenue plunged 64 percent to CNY19.4 billion (USD2.9 billion).

Suning had overdue debts of CNY32.9 billion (USD4.9 billion) as of the end of last year, so there are uncertainties regarding its ability to maintain sustainable operations, audit agency PricewaterhouseCoopers Zhong Tian said earlier.

Suning will continue to control costs and take action to improve cash flow, the Nanjing-based retailer said. The firm is also making great efforts to resume partnerships with its suppliers and partners and is seeking solutions to pay off its debts, such as negotiating payment in installments, to ease pressure on working capital and liquidity.

Suning's financial crisis is largely due to overaggressive expansion – the firm bought an 80 percent stake in hypermarket chain Carrefour China in September 2019 – and the fallout from the Covid-19 pandemic which greatly reduced footfall to its brick-and-mortar outlets. Last July it was part of a government-led bail out, selling a 17 percent stake for CNY8.8 billion (USD1.4 billion).

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$5 billion for Suning company entire debt?
we're fucked